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Binance.US
Binance.US Interim CEO Challenges SEC’s Approach To Digital Asset Regulation
In a bold move, Binance.US Interim CEO Norman Reed has taken a public stand against the Securities and Exchange Commission’s (SEC) strategy for overseeing digital assets. Leveraging his background as a former SEC employee, Reed penned an op-ed for Fortune, expressing deep reservations about the regulatory body’s deviation from its foundational principles and its potential […]
Better Markets CEO Warns Against Bitcoin ETF Approval, Citing Manipulation Risks
Dennis Kelleher, the CEO of the nonprofit organization Better Markets, has penned a letter to the United States Securities and Exchange Commission (SEC) advising against approving a spot Bitcoin exchange-traded fund (ETF). Kelleher argues that such an approval would deviate from the SEC’s established principles and potentially lead to massive harm for investors. Better Markets […]
Ledger Takes Prudent Steps: Announces 12% Workforce Reduction
Ledger, the prominent hardware crypto wallet manufacturer, is set to cut its workforce by 12%, according to an announcement by CEO and chair Pascal Gauthier on October 5th. As Gauthier explained in a blog post, the decision aims to ensure the company’s long-term sustainability, citing the challenges of the 2022 bear market and the recent collapse of […]
Binance Faces Legal Storm As Lawsuit Alleges FTX Market Monopoly Maneuvers
A class-action lawsuit was filed on Sunday in the District Court of Northern California, targeting Binance.US and its CEO, Changpeng Zhao. The suit, brought by California resident Nir Lahav, alleges multiple violations of federal and California laws related to unfair competition, with claims that Binance attempted to monopolize the cryptocurrency market to the detriment of its competitor, […]
Binance.US & SEC Lock Horns: Temporary Reprieve Amidst Legal Tussles
Binance.US, the American arm of the world’s largest cryptocurrency exchange, secured a temporary respite from the U.S. Securities and Exchange Commission [SEC]. The development unfolded in a courtroom where Magistrate Judge Zia Faruqui played the role of mediator, urging both parties to collaborate while requesting the SEC refine its demands for an extensive inspection of […]
Binance.US Struggles: Legal Battles & New Leadership Amidst Trading Downturn
Trading activity on Binance.US, the American offshoot of the global crypto exchange Binance, has plummeted to historic lows this month as the platform grapples with an array of unprecedented challenges. According to data reported by Amberdata on The Tie Terminal, as of September 16th, trading volume on the exchange stood at a mere $5.09 million. […]
Binance.US Leadership Exodus Continues Amid Regulatory Heat: Report
In the wake of mounting regulatory pressure, Binance.US, the American arm of the global cryptocurrency exchange Binance, is seeing yet another wave of high-profile departures. The most recent exits include Krishna Juvvadi, the company’s legal director, and Sidney Majalya, its chief risk officer, according to insider sources cited by The Wall Street Journal. This news […]
Binance.US At A Crossroads: 3 Paths To Survival
The trials and tribulations of Binance.US have become the epicenter of intense discussions, particularly in the wake of CEO Brian Shroder’s abrupt departure. The firm’s decision to undergo a significant downsizing, slashing roughly one-third of its workforce and terminating over a hundred positions, set off shockwaves throughout the industry. This restructuring marks the second round […]
Binance.US Counters SEC With “Unreasonable” Label Amid Ongoing Legal Battle
In a recent development, Binance.US has struck back at the United States Securities and Exchange Commission (SEC), branding most of their requests as “unreasonable” and “unduly burdensome.” The crypto exchange’s response came just after both parties had concurred to file confidential information under seal. Attorneys representing BAM Trading Services, the operator of the Binance.US cryptocurrency […]